Filing Flows › Universal Technical Institute (UTI) › Q4 FY24
Universal Technical Institute (UTI) Q4 FY24 earnings results (fourth quarter fiscal 2024)
10-K filed Dec 5, 2024
Universal Technical Institute (UTI) reported revenue of $196M for the fourth quarter fiscal 2024 (Q4 FY24), +15% from a year earlier and +11% from the quarter before. Operating margin was 13.3%, net earnings $18.8M (9.6% of revenue).
Universal Technical Institute, Q4 FY24: revenue $196M (+15% year over year), operating margin 13.3%, net earnings $18.8M, operating cash flow $67.5M. The chart follows the revenue to costs, profit and cash.
| Q4 FY24 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $196M | +11% | +15% |
| Operating profit | $26.0M | +249% | +152% |
| Net earnings | $18.8M | +278% | +181% |
| Operating cash flow | $67.5M | +574% | +25% |
| Free cash flow | $60.0M | 20× | +30% |
What changed
Revenue was $196.4M in Q4 FY24, up 15% year over year and up 11% from the previous quarter.
Operating profit was $26.0M, a 13.3% margin (up 7.2 points year over year). Of the extra revenue versus a year earlier, 60% reached operating profit, above the 6% margin then. Total costs grew 6% against revenue growth of 15%. Net earnings were $18.8M, up 181% year over year. The effective tax rate was 25.7%.
Operating cash flow was $67.5M (up 25% year over year), 358% of net earnings. Non-cash charges added back $7.8M of depreciation and amortization and $2.9M of share-based compensation. Working capital and other items added $38.1M. Capital expenditures of $7.5M left free cash flow of $60.0M.
Questions
What was Universal Technical Institute's revenue in the fourth quarter fiscal 2024?
Universal Technical Institute (UTI) reported revenue of $196M for the fourth quarter fiscal 2024 (Q4 FY24), +15% from a year earlier and +11% from the quarter before.
Was Universal Technical Institute profitable in the fourth quarter fiscal 2024?
Operating profit was $26.0M (13.3% of revenue) and net earnings $18.8M.